DURHAM, N.C. — July 6, 2020 — On July 4, Zogo Finance surpassed 1,000,000 financial literacy modules completed on its gamified, interactive financial literacy app. To reach this milestone, nearly 60,000 users completed dozens of interactive financial literacy lessons on everything from investing to inflation over the eight months since Zogo’s official launch.
“Zogo’s growth is so rapid that it’s almost overwhelming” said Bolun Li, the 21-year-old CEO of Zogo and a recent graduate of Duke University. “I started this company with a vision of inspiring the underbanked to become financially savvy, and I am blown away by young people’s enthusiasm for Zogo and the gains we’ve seen in such a short period of time.”
Zogo works with financial institutions across the country to engage Gen Z and millennials in the world of finance. The millon modules mark is just one of many milestones the company has surpassed in recent months, as the Durham-based start-up sharpens its focus on building financial literacy for young people through partnerships with banks and credit unions.
Li founded Zogo while still a student at Duke University, after realizing how little he knew when it came to managing his own money. With the help of a few friends from the school’s computer science program, Li built and launched the app in November 2019.
“Just a year and a half ago, I — like so many other college students — wasn’t even sure what a credit union was!” Li said. “Now, Zogo is successfully building connections between all kinds of financial institutions and the new generation of consumers that represent the future of finance.”
In the coming months, Li hopes to partner with dozens of other credit unions and community banks across the country. In the meantime, Li said, Zogo will continue to help young people forge a path toward financial freedom.
“One million financial literacy lessons completed — this is truly an incredible milestone,” Li said. “But for Zogo, it’s just the beginning.”
Zogo is a financial technology company based in Durham, N.C. that helps financial institutions connect with Gen Z and young Millennials by teaching financial fundamentals through its app that pays users to learn. Zogo’s app has won numerous industry accolades, including “Best of Show” at Finovate Fall 2019 and NACUSO 2019 Next Big Idea Competition. Key investors and advisors include Techstars, former CEO of Sageworks, and faculty from Duke University. To learn more, visit www.zogofinance.com or @ZogoFinance on Twitter.